Succession Planning
You’ve heard the horror stories. The ones about farm families who spend months in court fighting over assets. The result? A destroyed business and fractured family. Why does this situation play out over and over?
You wear many hats throughout the year. What happens if you or one of the key decision makers is away from the farm for a few weeks or months? Will everyone know exactly what to do when?
Todd and Louise Malecha have one mission: Keep everyone on the same page. For their operation, that “same page” is a 587-page business plan.
Idaho operation builds niche business to complement core crops.
How do you approach transition planning when two of your children are on the farm and one is not? You must be intentional and communicate.
As a young Nebraska farmer, Maggie Holub is in a league of her own. She has a complete, but flexible, succession plan — in writing.
Here’s what farmers should consider with this sometimes complex question.
As you look at transitioning leadership and ownership of your farm to the next generation, be ready to tackle entitlement issues.
When you hear of a new record sale of farmland it raises eyebrows — and your farmland’s worth. With this key asset rapidly increasing in value, you need to analyze your estate plan.
More than usual, farm budgets are teetering on the prices of inputs, notably fertilizer. However, another fertility problem is quietly reshaping farm life.